Megatech (Indonesian company)
| Joint-owned corporation | |
| Fate | N/A |
| Founded | N/A |
| Defunct | N/A |
| Headquarters | Indonesia (registered in Bermuda) |
Key people | Hutomo Mandala Putra |
| Products | Supercar development |
Projected Megatech F1 engine
Megatech is a Bermuda-registered company that pursued the development of various supercars. It is jointly owned by Hutomo (Tommy) Mandala Putra, the youngest son of President Suharto of Indonesia, and Mycom Setdco, a Bermuda-based subsidiary of Mycom Bhd.[1]
In 1994 it purchased the Lamborghini brand for $40 million.[1] It then sold it to Audi AG in 1998 for $110 million. It also led to the downfall of the Vector brand when Jerry Weigert barricaded himself in the head office of the company he founded in a failed attempt to retain control of Vector Aeromotive in 1993.[2]
References
- 1 2 Jacques Neyer (February 9, 1994). "Toy or Supercar for Asia?". The New York Times. Retrieved 2014-03-18.
- ↑ Pelz, James F. (13 May 1994). "Vector Plans to Move Car Operations to Florida" (Daily). Los Angeles Times. Online. Retrieved 7 November 2015.
External links
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